The Financial Post reports in its Thursday edition that Brookfield Asset Management plans to invest up to 95 billion kronor ($13.5-billion) developing artificial intelligence infrastructure in Sweden that will take 10 to 15 years to construct. A Bloomberg dispatch to the Post says the New York-based asset manager plans to purchase additional land at a site in Strangnas 55 miles west of Stockholm that will eventually house a 750-megawatt data centre, more than doubling its previous plan. The so-called AI factory will be the first of its kind in the Nordic nation, Brookfield said. "Building AI hubs in Europe will ensure the continent can compete on a global scale, supporting continued innovation and providing necessary compute to both businesses and individuals," Brookfield's head of Europe, Sikander Rashid, said in a statement to Bloomberg. Brookfield closed Wednesday at $77.43, down one cent on the Toronto Stock Exchange.